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Cryptocurrency Lender Abra Buys Valkyrie’s Tron (TRX) and Zilliqa (ZIL) Trusts

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6 months ago

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Cryptocurrency trading platform Abra said it has acquired several private cryptocurrency trusts from Valkyrie Investmentsshortly before reaching a settlement with financial regulators in 25 U.S. states for operating without proper licenses.

Abra Capital Management LP took over a number of Valkyrie’s active trusts in May, Marissa Kim, Abra’s head of asset management, said in an emailed response to questions from Bloomberg News on Friday. The deal included Valkyrie’s Tron and Zilliqa trusts, Kim said, as well as several trusts that have yet to launch.

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